Gold Miner Pivots: Backs Blockchain Company and Starts Mining Bitcoin

A Canadian mining guru, Frank Giustra, has begun mining bitcoin and other cryptocurrencies instead of just gold. He has recently backed a Vancouver Blockchain company, called Hive Technologies Inc., to oversee these mining operations and offer first-ever mining stock options. A Bloomberg article said, “The company he’s backed, Vancouver-based Hive Blockchain Technologies Inc., is among… Continue reading Gold Miner Pivots: Backs Blockchain Company and Starts Mining Bitcoin

BNP, EY Complete Blockchain Trial for Internal Treasury Operations

BNP Paribas and “Big Four” accounting firm EY are taking aim at back-office costs with their latest blockchain work. Announced today, the two companies completed a trial aimed at investigating whether private blockchain technology could improve the bank’s global internal treasury operations. The blockchain was put through internal testing by BNP’s ALM Treasury department earlier… Continue reading BNP, EY Complete Blockchain Trial for Internal Treasury Operations

Goldman and Google Are Among the Most Active Blockchain Investors

Lloyd Blankfein last week tweeted that he’s “still thinking about #Bitcoin,” but the bank he leads is doing more than just thinking about the technology that underpins the cryptocurrency. Goldman Sachs Group Inc. is the fifth most active corporate blockchain investor, with involvement in four companies focused on the distributed-ledger technology since 2012, according to… Continue reading Goldman and Google Are Among the Most Active Blockchain Investors

Authoritarian Cryptocurrencies Are Coming

Russia and China see a new way to completely control their financial systems. With Russia and China both embracing the idea of sovereign cryptocurrencies, it’s time to ask a simple question: Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes? Last weekend, Argumenti i Fakti, a pro-government newspaper, quoted… Continue reading Authoritarian Cryptocurrencies Are Coming

Standard Chartered Joins EquiChain’s Capital Markets Blockchain Pilot

Multinational banking firm Standard Chartered has inked a year-long partnership deal with fintech startup EquiChain to join its blockchain pilot focused on bringing efficiencies to the capital markets. In a statement, U.K.-based Standard Chartered said it will be the first custodian to join EquiChain’s user group for the prototype platform. Using blockchain technology to enable… Continue reading Standard Chartered Joins EquiChain’s Capital Markets Blockchain Pilot

Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble

Russia’s president Vladimir Putin has reportedly ordered the issue of the national cryptocurrency, the “cryptoruble.” The Russian Minister of Communications and Mass Media has revealed some details of this new currency. Putin’s Executive Order Russia’s Minister of Communications and Mass Media, Nikolay Nikiforov, said at a closed meeting with members of the Moscow Capital Club… Continue reading Putin Orders the Issue of Russia’s National Cryptocurrency – the Cryptoruble